Zhejiang Xinhua ChemicalLtd Third Quarter 2024 Earnings: EPS: CN¥0.18 (vs CN¥0.35 in 3Q 2023)

Zhejiang Xinhua ChemicalLtd (SHSE:603867) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥706.2m (up 9.3% from 3Q 2023).
• Net income: CN¥33.0m (down 50% from 3Q 2023).
• Profit margin: 4.7% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.18 (down from CN¥0.35 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Zhejiang Xinhua ChemicalLtd Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.

Performance of the Chinese Chemicals industry.

The company's shares are down 6.2% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Zhejiang Xinhua ChemicalLtd, and understanding it should be part of your investment process.

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